Bank of America Initiates Coverage on Shift4 Payments (NYSE:FOUR)

Investment analysts at Bank of America initiated coverage on shares of Shift4 Payments (NYSE:FOUR) in a report released on Thursday. The firm set a “neutral” rating and a $42.00 price target on the stock. Bank of America‘s price target points to a potential upside of 7.65% from the stock’s current price.

Several other equities analysts also recently weighed in on the company. UBS Group dropped their target price on Shift4 Payments from $60.00 to $52.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Morgan Stanley set a $46.00 target price on Shift4 Payments in a research note on Friday, August 7th. DA Davidson dropped their price objective on Shift4 Payments from $74.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Mizuho decreased their price target on shares of Shift4 Payments from $55.00 to $46.00 and set an “outperform” rating for the company in a research note on Thursday, September 24th. Finally, BTIG Research cut their price target on Shift4 Payments from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday. Eleven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $56.68.

Shift4 Payments Trading Up 2.7%

NYSE:FOUR traded up $1.02 on Thursday, hitting $39.02. The stock had a trading volume of 95,283 shares, compared to its average volume of 1,991,160. The company has a fifty day moving average price of $42.06 and a two-hundred day moving average price of $44.22. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 2.59. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 64.32, a PEG ratio of 0.56 and a beta of 1.39. Shift4 Payments has a 1-year low of $34.56 and a 1-year high of $77.50.

Shift4 Payments (NYSE:FOUR) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.06. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $615.65 million. Shift4 Payments had a return on equity of 28.40% and a net margin of 2.20%. The company’s revenue was up 50.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.10 EPS. Shift4 Payments has set its FY 2026 guidance at 5.150-5.350 EPS. Equities research analysts expect that Shift4 Payments will post 4.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Rice Hall James & Associates LLC raised its position in shares of Shift4 Payments by 27.7% in the 1st quarter. Rice Hall James & Associates LLC now owns 847,726 shares of the company’s stock worth $37,071,000 after buying an additional 183,938 shares during the period. Schwartz Investment Counsel Inc. grew its stake in Shift4 Payments by 55.5% during the first quarter. Schwartz Investment Counsel Inc. now owns 445,691 shares of the company’s stock worth $19,490,000 after buying an additional 159,000 shares during the period. Spyglass Capital Management LLC lifted its stake in shares of Shift4 Payments by 4.7% during the second quarter. Spyglass Capital Management LLC now owns 1,833,803 shares of the company’s stock worth $89,196,000 after purchasing an additional 82,663 shares in the last quarter. Mariner Investment Group LLC lifted its position in Shift4 Payments by 177.8% during the 4th quarter. Mariner Investment Group LLC now owns 125,000 shares of the company’s stock worth $7,871,000 after acquiring an additional 80,000 shares in the last quarter. Finally, Readystate Asset Management LP grew its position in Shift4 Payments by 530.2% in the second quarter. Readystate Asset Management LP now owns 86,082 shares of the company’s stock valued at $4,187,000 after acquiring an additional 72,422 shares in the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Shift4 Payments Company Profile

Shift4 Payments, Inc provides integrated payment processing and commerce technology for businesses worldwide. The company enables merchants to accept payments through in-person, online and mobile channels, offering services that can include payment gateways, acquiring, transaction processing, fraud prevention and reporting.

Shift4’s platform is designed to combine payments with business-management tools and point-of-sale systems. Its solutions support industries such as restaurants, hospitality, retail, sports and entertainment, gaming, e-commerce and other organizations that require unified payment and commerce capabilities.